{"id":1282,"date":"2025-04-19T08:06:38","date_gmt":"2025-04-19T12:06:38","guid":{"rendered":"https:\/\/ganhosegastos.ca\/?p=1282"},"modified":"2025-04-26T15:45:44","modified_gmt":"2025-04-26T19:45:44","slug":"the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability","status":"publish","type":"post","link":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/","title":{"rendered":"The Bank of Canada Paused Rates \u2014 Here\u2019s What That Could Mean for Mortgage Rates and Housing Affordability"},"content":{"rendered":"

The Bank of Canada (BoC)<\/strong> held its key interest rate steady at 2.75%<\/strong> this week. While this may seem like a routine move, it offers important signals about where the economy, mortgage rates<\/strong>, and housing affordability<\/strong> might be heading.<\/p>\n

Here\u2019s what you need to know.<\/p>\n

1. Seven Rate Cuts Since 2024 \u2014 But That May Be Over<\/h2>\n

Since April 2024, the Bank of Canada has cut its policy rate seven times<\/strong>, bringing it down from 5.00% to 2.75%. These cuts helped ease borrowing costs and provided some relief to homeowners and homebuyers.<\/p>\n

However, this week\u2019s pause suggests that further rate cuts may be off the table for now \u2014 especially as other risks begin to take priority.<\/p>\n

2. Housing Got Less Attention in This Report<\/h2>\n

In previous Monetary Policy Reports, housing<\/strong> was a frequent topic \u2014 mentioned more than 13 times on average. In the most recent report, it was only mentioned twice<\/strong>.<\/p>\n

This doesn\u2019t mean housing affordability<\/strong> is no longer a concern. It simply shows that the Bank is shifting its attention toward other risks that could have a more immediate impact on Canada\u2019s economic outlook \u2014 most notably, global trade tensions and inflation.<\/span><\/p>\n

3. Trade Risks Could Slow Down Key Areas of the Economy<\/span><\/h2>\n

If current tariff threats escalate, several major Canadian industries could be hit hard, including:<\/p>\n

    \n
  • Auto manufacturing<\/li>\n
  • Steel and lumber<\/li>\n
  • Export sectors<\/li>\n
  • Trucking and logistics<\/li>\n<\/ul>\n

    A slowdown in these areas would reduce overall economic activity. And if inflation rises at the same time, the Bank of Canada may be unable to continue cutting rates \u2014 making housing affordability<\/strong> an even greater challenge.<\/p>\n

    Earlier this year, Governor Tiff Macklem<\/strong> warned:<\/p>\n

    Tiff Macklem<\/p>\n

    \u200b-Governor–Bank of Canada-<\/p>\n

    A new crisis is on the horizon. If US tariffs play out as threatened, the economic impact would be severe.<\/span><\/em><\/p>\n

    This is part of why the Bank is treading cautiously, even as other pressures \u2014 like high housing costs \u2014 continue to grow.<\/span><\/p>\n

    <\/span><\/p>\n

    4. The BoC Warned About Stagflation<\/span><\/span><\/h2>\n

    Stagflation<\/span><\/strong> is when inflation stays high while the economy slows down.<\/span><\/span><\/span><\/p>\n

    In a typical slowdown, the Bank of Canada would lower interest rates to stimulate growth. But if inflation remains elevated, lowering rates could make the problem worse. On the other hand, raising rates to fight inflation could further damage a slowing economy.<\/span><\/span><\/span><\/p>\n

    It\u2019s a lose-lose situation \u2014 and the Bank is now openly acknowledging that stagflation is a real risk.<\/span><\/span><\/p>\n

    <\/span><\/span><\/p>\n

    5. Housing Affordability Remains a Challenge<\/span><\/span><\/h2>\n

    Even with rate cuts over the past year, housing affordability<\/strong> has not improved significantly for most Canadians. In some regions, home prices have come down modestly \u2014 especially in the condo market. But overall, homeownership remains out of reach for many.<\/span><\/span><\/p>\n

    Wages have not kept up with the rising cost of housing, and although mortgage rates<\/strong> have declined slightly, they are still high compared to the last decade.<\/span><\/span><\/span><\/p>\n

    The chart below illustrates the growing disconnect between real house prices and real disposable income in Canada:<\/span><\/p>\n

    \"Line<\/span><\/p>\n

    Source<\/strong>: Macrobond, Macquarie Macro Strategy via National Post<\/em><\/p>\n

    Chart: Real House Prices vs. Real Disposable Income in Canada (Q1 1975 = 100)<\/em><\/p>\n

    As shown above, disposable income (black line) has risen gradually since the mid-1970s \u2014 but real house prices (red line) have surged, especially after 2000. By 2021, home prices had increased more than fourfold, while income had not even doubled.<\/span><\/p>\n

    This gap is central to the housing affordability crisis. Even with moderate rate relief, many Canadians still cannot afford to enter the housing market.<\/span><\/span><\/p>\n

    <\/span><\/span><\/p>\n

    6. Uncertainty Is the Central Theme<\/span><\/span><\/h2>\n

    The Bank of Canada repeated one word several times during its latest press conference: uncertainty<\/strong>.<\/span><\/span><\/span><\/span><\/p>\n

    Between trade tensions, unpredictable inflation trends, and an unclear future for rate policy, there\u2019s no guaranteed direction. That makes planning harder \u2014 whether you\u2019re looking to buy, renew, or invest.<\/span><\/span><\/span><\/p>\n

    As Governor Macklem put it:<\/span><\/p>\n

    Tiff Macklem<\/p>\n

    -Governor–Bank of Canada-<\/p>\n

    I think giving Canadians a false sense of precision would not be doing Canadians a good service.<\/em><\/span><\/span><\/span><\/p>\n

    This reflects the tone of the Bank\u2019s current messaging: they\u2019re cautious, non-committal, and highly aware of the complex challenges ahead.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

    Why This Matters<\/span><\/span><\/span><\/h2>\n

    We don\u2019t yet know where interest rates or home prices are going. But understanding how decisions from the Bank of Canada<\/strong> affect mortgage rates<\/strong> and housing affordability<\/strong> helps Canadians make better sense of what\u2019s happening now \u2014 and what could be coming next.<\/span><\/span><\/span><\/p>\n

    The BoC isn\u2019t making promises. In fact, it\u2019s being very careful not to. That alone says a lot about the uncertainty we\u2019re in.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    The Bank of Canada (BoC) held its key interest rate steady at 2.75% this week. While this may seem like a routine move, it offers important signals about where the economy, mortgage rates, and housing affordability might be heading. Here\u2019s what you need to know. 1. Seven Rate Cuts Since 2024 \u2014 But That May […]<\/p>\n","protected":false},"author":2,"featured_media":1310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","tve_updated_post":"

    <\/div>

    The Bank of Canada (BoC)<\/strong> held its key interest rate steady at 2.75%<\/strong> this week. While this may seem like a routine move, it offers important signals about where the economy, mortgage rates<\/strong>, and housing affordability<\/strong> might be heading.<\/p>

    Here\u2019s what you need to know.

    <\/p>

    1. Seven Rate Cuts Since 2024 \u2014 But That May Be Over<\/h2>

    Since April 2024, the Bank of Canada has cut its policy rate seven times<\/strong>, bringing it down from 5.00% to 2.75%. These cuts helped ease borrowing costs and provided some relief to homeowners and homebuyers.<\/p>

    However, this week\u2019s pause suggests that further rate cuts may be off the table for now \u2014 especially as other risks begin to take priority.

    <\/p>

    2. Housing Got Less Attention in This Report<\/h2>

    In previous Monetary Policy Reports, housing<\/strong> was a frequent topic \u2014 mentioned more than 13 times on average. In the most recent report, it was only mentioned twice<\/strong>.<\/p>

    This doesn\u2019t mean housing affordability<\/strong> is no longer a concern. It simply shows that the Bank is shifting its attention toward other risks that could have a more immediate impact on Canada\u2019s economic outlook \u2014 most notably, global trade tensions and inflation.

    <\/span><\/p>

    3. Trade Risks Could Slow Down Key Areas of the Economy<\/span><\/h2>

    If current tariff threats escalate, several major Canadian industries could be hit hard, including:<\/p>

    • Auto manufacturing<\/li>
    • Steel and lumber<\/li>
    • Export sectors<\/li>
    • Trucking and logistics<\/li><\/ul>

      A slowdown in these areas would reduce overall economic activity. And if inflation rises at the same time, the Bank of Canada may be unable to continue cutting rates \u2014 making housing affordability<\/strong> an even greater challenge.<\/p>

      Earlier this year, Governor Tiff Macklem<\/strong> warned:
      <\/p><\/div><\/div><\/div>

      <\/div>
      <\/div>
      <\/div>

      Tiff Macklem<\/p><\/div>

      -Governor-
      -Bank of Canada-<\/p><\/div><\/div><\/div><\/div><\/div>

      A new crisis is on the horizon. If US tariffs play out as threatened, the economic impact would be severe.<\/span><\/em><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
      __CONFIG_group_edit__{}__CONFIG_group_edit__<\/div>
      __CONFIG_local_colors__{\"colors\":{},\"gradients\":{}}__CONFIG_local_colors__<\/div><\/div>

      This is part of why the Bank is treading cautiously, even as other pressures \u2014 like high housing costs \u2014 continue to grow.<\/span><\/p>

      <\/span>
      <\/p>

      4. The BoC Warned About Stagflation<\/span><\/span><\/h2>

      Stagflation<\/span><\/strong> is when inflation stays high while the economy slows down.<\/span><\/span><\/span><\/p>

      In a typical slowdown, the Bank of Canada would lower interest rates to stimulate growth. But if inflation remains elevated, lowering rates could make the problem worse. On the other hand, raising rates to fight inflation could further damage a slowing economy.<\/span><\/span><\/span><\/p>

      It\u2019s a lose-lose situation \u2014 and the Bank is now openly acknowledging that stagflation is a real risk.<\/span><\/span><\/p>

      <\/span><\/span>
      <\/p>

      5. Housing Affordability Remains a Challenge<\/span><\/span><\/h2>

      Even with rate cuts over the past year, housing affordability<\/strong> has not improved significantly for most Canadians. In some regions, home prices have come down modestly \u2014 especially in the condo market. But overall, homeownership remains out of reach for many.<\/span><\/span><\/p>

      Wages have not kept up with the rising cost of housing, and although mortgage rates<\/strong> have declined slightly, they are still high compared to the last decade.<\/span><\/span><\/span><\/p>

      The chart below illustrates the growing disconnect between real house prices and real disposable income in Canada:<\/span><\/p><\/div>

      \"Line<\/span><\/div>

      Source<\/strong>: Macrobond, Macquarie Macro Strategy via National Post<\/em><\/p>

      Chart: Real House Prices vs. Real Disposable Income in Canada (Q1 1975 = 100)<\/em><\/p><\/div><\/div>

      As shown above, disposable income (black line) has risen gradually since the mid-1970s \u2014 but real house prices (red line) have surged, especially after 2000. By 2021, home prices had increased more than fourfold, while income had not even doubled.<\/span><\/p>

      This gap is central to the housing affordability crisis. Even with moderate rate relief, many Canadians still cannot afford to enter the housing market.<\/span><\/span><\/p>

      <\/span><\/span>
      <\/p>

      6. Uncertainty Is the Central Theme<\/span><\/span><\/h2>

      The Bank of Canada repeated one word several times during its latest press conference: uncertainty<\/strong>.<\/span><\/span><\/span><\/span>
      <\/p>

      Between trade tensions, unpredictable inflation trends, and an unclear future for rate policy, there\u2019s no guaranteed direction. That makes planning harder \u2014 whether you\u2019re looking to buy, renew, or invest.<\/span><\/span><\/span><\/p>

      As Governor Macklem put it:<\/span><\/p><\/div>

      <\/div>
      <\/div>
      <\/div>

      Tiff Macklem<\/p><\/div>

      -Governor-
      -Bank of Canada-<\/p><\/div><\/div><\/div><\/div><\/div>

      I think giving Canadians a false sense of precision would not be doing Canadians a good service.<\/em><\/span><\/span><\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
      __CONFIG_group_edit__{}__CONFIG_group_edit__<\/div>
      __CONFIG_local_colors__{\"colors\":{},\"gradients\":{}}__CONFIG_local_colors__<\/div><\/div>

      This reflects the tone of the Bank\u2019s current messaging: they\u2019re cautious, non-committal, and highly aware of the complex challenges ahead.<\/span><\/span><\/span>
      <\/span><\/span><\/span>
      <\/span><\/span><\/span><\/p>

      Why This Matters<\/span><\/span><\/span><\/h2>

      We don\u2019t yet know where interest rates or home prices are going. But understanding how decisions from the Bank of Canada<\/strong> affect mortgage rates<\/strong> and housing affordability<\/strong> helps Canadians make better sense of what\u2019s happening now \u2014 and what could be coming next.<\/span><\/span><\/span><\/p>

      The BoC isn\u2019t making promises. In fact, it\u2019s being very careful not to. That alone says a lot about the uncertainty we\u2019re in.<\/span><\/p><\/div>","tve_custom_css":"@media (min-width: 300px){[data-css=\"tve-u-1964de63d61\"] { padding: 0px !important; }.tcb-post-list[data-css=\"tve-u-1964ef8b98d\"] .post-wrapper.thrv_wrapper { width: calc(100% - 0px); }.tcb-post-list[data-css=\"tve-u-1964ef8b98d\"] .post-wrapper.thrv_wrapper:nth-child(n+2) { margin-top: 15px !important; }.tcb-post-list[data-css=\"tve-u-1964ef8b98d\"] .post-wrapper.thrv_wrapper:not(:nth-child(n+2)) { margin-top: 0px !important; }.tcb-post-list[data-css=\"tve-u-1964ef8b98d\"] .post-wrapper.thrv_wrapper:not(:nth-child(n)) { margin-right: 15px !important; }.tcb-post-list[data-css=\"tve-u-1964ef8b98d\"] .post-wrapper.thrv_wrapper:nth-child(n) { margin-right: 0px !important; }:not(#tve) [data-css=\"tve-u-1965105a53a\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a540\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a545\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; padding-bottom: 10px !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-1965105a54a\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a54e\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a553\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 28px !important; padding-bottom: 10px !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-1965105a558\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a55d\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a560\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; padding-bottom: 10px !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-1965105a565\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a57d\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965105a582\"] { color: var(--tcb-skin-color-5) !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; --tve-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-1965107243d\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19651072442\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19651072447\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965107244b\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19651072450\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19651072454\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965107245a\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965107245f\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19651072463\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; color: var(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-1965107300a\"] { font-size: 18px !important; }[data-css=\"tve-u-19651073018\"] { font-size: 18px !important; }[data-css=\"tve-u-19651073024\"] { font-size: 18px !important; }[data-css=\"tve-u-19651073031\"] { font-size: 18px !important; }[data-css=\"tve-u-1965143e20a\"] { margin-top: 20px !important; }[data-css=\"tve-u-196530084fc\"] { font-size: 28px !important; }[data-css=\"tve-u-196530084fe\"] { font-size: 28px !important; }[data-css=\"tve-u-1965302e402\"] { padding: 20px 30px !important; margin-left: 0px !important; margin-bottom: 0px !important; }[data-css=\"tve-u-1965302e403\"] { padding: 30px 0px !important; margin: 0px !important; }[data-css=\"tve-u-1965302e404\"] { box-shadow: none; border-radius: 0px; overflow: hidden; border-width: 1px medium !important; border-style: solid none !important; border-color: rgb(238, 238, 238) currentcolor !important; border-image: initial !important; background-image: none !important; background-color: rgb(255, 255, 255) !important; }[data-css=\"tve-u-1965302e407\"] > .tcb-flex-col > .tcb-col { justify-content: center; }[data-css=\"tve-u-1965302e408\"] { max-width: 40.3%; }[data-css=\"tve-u-1965302e410\"] { max-width: 59.5%; }[data-css=\"tve-u-1965302e407\"] { padding: 0px !important; }[data-css=\"tve-u-1965302e406\"] { margin: 0px !important; }[data-css=\"tve-u-1965302e40a\"] { background-image: linear-gradient(rgba(255, 255, 255, 0.7), rgba(255, 255, 255, 0.7)), url(\"\/\/ganhosegastos.ca\/wp-content\/uploads\/tcb_content_templates\/images\/quote_symbol_light_grey.png\") !important; background-size: auto, auto !important; background-position: 50% 50%, 50% 50% !important; background-attachment: scroll, scroll !important; background-repeat: no-repeat, no-repeat !important; }[data-css=\"tve-u-1965302e40c\"] { z-index: 4 !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-1965302e40d\"] { letter-spacing: 10px; padding-bottom: 0px !important; margin-bottom: 0px !important; padding-top: 0px !important; margin-top: 0px !important; text-transform: uppercase !important; color: hsla(var(--tcb-main-master-h,210),var(--tcb-main-master-s,77%),var(--tcb-main-master-l,54%),1) !important; --tcb-applied-color: hsla(var(--tcb-main-master-h,210),var(--tcb-main-master-s,77%),var(--tcb-main-master-l,54%),1) !important; font-size: 14px !important; }[data-css=\"tve-u-1965302e40e\"] { z-index: 4 !important; margin-bottom: 0px !important; }[data-css=\"tve-u-1965302e409\"] > .tve-cb { justify-content: center; display: flex; flex-direction: column; }[data-css=\"tve-u-1965302e409\"] { padding: 1px !important; margin-bottom: 0px !important; margin-top: 0px !important; }[data-css=\"tve-u-1965302e40b\"] { min-height: 150px !important; }:not(#tve) [data-css=\"tve-u-1965302e40f\"] { letter-spacing: 10px; text-transform: uppercase !important; color: rgb(64, 64, 64) !important; --tcb-applied-color: rgb(64,64,64) !important; --tve-applied-color: rgb(64,64,64) !important; padding-bottom: 0px !important; margin-bottom: 0px !important; padding-top: 0px !important; margin-top: 0px !important; font-size: 10px !important; }[data-css=\"tve-u-1965302e471\"] { min-width: auto; }[data-css=\"tve-u-19653033626\"] { font-size: 18px !important; --tcb-applied-color: var$(--tcb-skin-color-5) !important; color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965305507c\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965305507e\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055080\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055081\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055082\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055084\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055085\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055087\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055088\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965305508a\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965305508b\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965305508d\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965305508e\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-19653055090\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055091\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653055092\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; color: var(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-1965305a705\"] { padding-bottom: 10px !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-1965305d69c\"] { padding-bottom: 10px !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-196530602a5\"] { font-size: 18px !important; }[data-css=\"tve-u-196530602a7\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-196530602bc\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-196530602be\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-19653061d6c\"] { font-size: 18px !important; }[data-css=\"tve-u-19653061d6e\"] { font-size: 18px !important; }[data-css=\"tve-u-19653061d70\"] { font-size: 18px !important; }[data-css=\"tve-u-19653063b27\"] { font-size: 18px !important; }[data-css=\"tve-u-1965306a3ca\"] { width: 564px; margin-bottom: 0px !important; }[data-css=\"tve-u-1965306fd10\"] { float: left; z-index: 3; position: relative; --tve-alignment: left; margin-left: auto !important; margin-right: auto !important; padding-left: 50px !important; }[data-css=\"tve-u-196530709a9\"]::after { clear: both; }:not(#tve) [data-css=\"tve-u-1965307b043\"] { font-size: 12px !important; padding-top: 0px !important; margin-top: 0px !important; padding-bottom: 0px !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-1965307b045\"] { font-size: 12px !important; padding-top: 0px !important; margin-top: 0px !important; padding-bottom: 0px !important; margin-bottom: 0px !important; }[data-css=\"tve-u-1965308c5b7\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; color: var(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-1965308c5b9\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965308c5bb\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-1965308c5bd\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965308c5be\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965308c5c0\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965308c5c1\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-1965308c5c3\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965308c5c4\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }[data-css=\"tve-u-1965308c5c6\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; color: var(--tcb-skin-color-5) !important; font-size: 18px !important; }:not(#tve) [data-css=\"tve-u-19653092013\"] { padding-bottom: 10px !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-19653094bbb\"] { padding-bottom: 0px !important; margin-bottom: 0px !important; }[data-css=\"tve-u-19653099283\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-19653099286\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; font-size: 18px !important; }[data-css=\"tve-u-1965309928b\"] { font-size: 18px !important; }[data-css=\"tve-u-196530a5df5\"] { padding: 20px 30px !important; margin-left: 0px !important; margin-top: 0px !important; }[data-css=\"tve-u-196530a5df6\"] { padding: 30px 0px !important; margin: 0px !important; }[data-css=\"tve-u-196530a5df7\"] { box-shadow: none; border-radius: 0px; overflow: hidden; border-width: 1px medium !important; border-style: solid none !important; border-color: rgb(238, 238, 238) currentcolor !important; border-image: initial !important; background-image: none !important; background-color: rgb(255, 255, 255) !important; }[data-css=\"tve-u-196530a5dfa\"] > .tcb-flex-col > .tcb-col { justify-content: center; }[data-css=\"tve-u-196530a5dfb\"] { max-width: 40.1%; }[data-css=\"tve-u-196530a5e03\"] { max-width: 59.7%; }[data-css=\"tve-u-196530a5dfa\"] { padding: 0px !important; }[data-css=\"tve-u-196530a5df9\"] { margin: 0px !important; }[data-css=\"tve-u-196530a5dfd\"] { background-image: linear-gradient(rgba(255, 255, 255, 0.7), rgba(255, 255, 255, 0.7)), url(\"\/\/ganhosegastos.ca\/wp-content\/uploads\/tcb_content_templates\/images\/quote_symbol_light_grey.png\") !important; background-size: auto, auto !important; background-position: 50% 50%, 50% 50% !important; background-attachment: scroll, scroll !important; background-repeat: no-repeat, no-repeat !important; }[data-css=\"tve-u-196530a5dff\"] { z-index: 4 !important; margin-bottom: 0px !important; }:not(#tve) [data-css=\"tve-u-196530a5e00\"] { letter-spacing: 10px; padding-bottom: 0px !important; margin-bottom: 0px !important; padding-top: 0px !important; margin-top: 0px !important; text-transform: uppercase !important; color: hsla(var(--tcb-main-master-h,210),var(--tcb-main-master-s,77%),var(--tcb-main-master-l,54%),1) !important; --tcb-applied-color: hsla(var(--tcb-main-master-h,210),var(--tcb-main-master-s,77%),var(--tcb-main-master-l,54%),1) !important; font-size: 14px !important; }[data-css=\"tve-u-196530a5e01\"] { z-index: 4 !important; margin-bottom: 0px !important; }[data-css=\"tve-u-196530a5dfc\"] > .tve-cb { justify-content: center; display: flex; flex-direction: column; }[data-css=\"tve-u-196530a5dfc\"] { padding: 1px !important; margin-bottom: 0px !important; margin-top: 0px !important; }[data-css=\"tve-u-196530a5dfe\"] { min-height: 150px !important; }:not(#tve) [data-css=\"tve-u-196530a5e02\"] { letter-spacing: 10px; text-transform: uppercase !important; color: rgb(64, 64, 64) !important; --tcb-applied-color: rgb(64,64,64) !important; --tve-applied-color: rgb(64,64,64) !important; padding-bottom: 0px !important; margin-bottom: 0px !important; padding-top: 0px !important; margin-top: 0px !important; font-size: 9px !important; }[data-css=\"tve-u-196530a5e52\"] { min-width: auto; }[data-css=\"tve-u-196530bd36d\"] { color: var(--tcb-skin-color-5) !important; }[data-css=\"tve-u-196530bd36f\"] { --tcb-applied-color: var$(--tcb-skin-color-5) !important; }:not(#tve) [data-css=\"tve-u-196530c61e4\"] { padding-bottom: 10px !important; margin-bottom: 0px !important; }[data-css=\"tve-u-196530cd83a\"] { margin-top: 30px !important; }:not(#tve) [data-css=\"tve-u-19653148f1b\"] { font-style: italic !important; }:not(#tve) [data-css=\"tve-u-1965314e1b4\"] { font-size: 18px !important; }}@media (max-width: 1023px){[data-css=\"tve-u-1965302e408\"] { max-width: 42.9%; }[data-css=\"tve-u-1965302e410\"] { max-width: 56.7%; }[data-css=\"tve-u-1965302e409\"] { padding: 1px !important; }[data-css=\"tve-u-1965302e40b\"] { min-height: 140px !important; }[data-css=\"tve-u-196530a5dfb\"] { max-width: 42.9%; }[data-css=\"tve-u-196530a5e03\"] { max-width: 56.7%; }[data-css=\"tve-u-196530a5dfc\"] { padding: 1px !important; }[data-css=\"tve-u-196530a5dfe\"] { min-height: 140px !important; }}@media (max-width: 767px){[data-css=\"tve-u-1965302e411\"] { padding-top: 20px !important; }:not(#tve) [data-css=\"tve-u-1965302e40d\"] { letter-spacing: 10px; font-size: 13px !important; }[data-css=\"tve-u-1965302e409\"] { padding: 1px !important; }[data-css=\"tve-u-1965302e40b\"] { min-height: 150px !important; }[data-css=\"tve-u-196530a5e04\"] { padding-top: 20px !important; }:not(#tve) [data-css=\"tve-u-196530a5e00\"] { letter-spacing: 10px; font-size: 13px !important; }[data-css=\"tve-u-196530a5dfc\"] { padding: 1px !important; }[data-css=\"tve-u-196530a5dfe\"] { min-height: 150px !important; }}","tve_user_custom_css":"","tve_globals":{"e":"1","font_cls":[]},"tcb2_ready":1,"tcb_editor_enabled":1,"tve_landing_page":"","_tve_header":"","_tve_footer":""},"categories":[13,65],"tags":[],"class_list":["post-1282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-interest-rates","post-wrapper","thrv_wrapper"],"yoast_head":"\nBank of Canada Rate Pause - What It Means For Home-Owners<\/title>\n<meta name=\"description\" content=\"How the Bank of Canada's rate pause could affect mortgage rates and housing affordability. Read the latest update from Ganhos e Gastos.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Canada Rate Pause - What It Means For Home-Owners\" \/>\n<meta property=\"og:description\" content=\"How the Bank of Canada's rate pause could affect mortgage rates and housing affordability. Read the latest update from Ganhos e Gastos.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/\" \/>\n<meta property=\"og:site_name\" content=\"Ganhos & Gastoss\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ganhosegastos\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-19T12:06:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-26T19:45:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlprmyjjjr7y.i.optimole.com\/w:1460\/h:840\/q:mauto\/ig:avif\/https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/04\/GG-BOC-April-2025-Featured.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1460\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Paulo Rocha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paulo Rocha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/\"},\"author\":{\"name\":\"Paulo Rocha\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#\\\/schema\\\/person\\\/43da34e9e5ffb983dd89036a16aafcd8\"},\"headline\":\"The Bank of Canada Paused Rates \u2014 Here\u2019s What That Could Mean for Mortgage Rates and Housing Affordability\",\"datePublished\":\"2025-04-19T12:06:38+00:00\",\"dateModified\":\"2025-04-26T19:45:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/\"},\"wordCount\":747,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ganhosegastos.ca\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/GG-BOC-April-2025-Featured.png\",\"articleSection\":[\"Economy\",\"Interest Rates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/\",\"url\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/\",\"name\":\"Bank of Canada Rate Pause - What It Means For Home-Owners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ganhosegastos.ca\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/GG-BOC-April-2025-Featured.png\",\"datePublished\":\"2025-04-19T12:06:38+00:00\",\"dateModified\":\"2025-04-26T19:45:44+00:00\",\"description\":\"How the Bank of Canada's rate pause could affect mortgage rates and housing affordability. Read the latest update from Ganhos e Gastos.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ganhosegastos.ca\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/GG-BOC-April-2025-Featured.png\",\"contentUrl\":\"https:\\\/\\\/ganhosegastos.ca\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/GG-BOC-April-2025-Featured.png\",\"width\":1460,\"height\":840,\"caption\":\"Bank of Canada Governor at press conference with Canadian flag in background, discussing interest rates, mortgage rates, and housing affordability\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Bank of Canada Paused Rates \u2014 Here\u2019s What That Could Mean for Mortgage Rates and Housing Affordability\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/\",\"name\":\"Ganhos & Gastoss\",\"description\":\"Simplificar o Complexo Mundo Financeiro\",\"publisher\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#organization\",\"name\":\"Ganhos & Gastoss\",\"url\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ganhosegastos.ca\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/ganhos-e-gastos-round-transparent.png\",\"contentUrl\":\"https:\\\/\\\/ganhosegastos.ca\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/ganhos-e-gastos-round-transparent.png\",\"width\":750,\"height\":750,\"caption\":\"Ganhos & Gastoss\"},\"image\":{\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/ganhosegastos\\\/\",\"https:\\\/\\\/linkedin.com\\\/in\\\/paulrocha\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ganhosegastos.ca\\\/en\\\/#\\\/schema\\\/person\\\/43da34e9e5ffb983dd89036a16aafcd8\",\"name\":\"Paulo Rocha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e2a1e395303d19d01d3f27e3e1fdddc3580c45a17925f0facc5e987de11cf2b2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e2a1e395303d19d01d3f27e3e1fdddc3580c45a17925f0facc5e987de11cf2b2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e2a1e395303d19d01d3f27e3e1fdddc3580c45a17925f0facc5e987de11cf2b2?s=96&d=mm&r=g\",\"caption\":\"Paulo Rocha\"},\"description\":\"Paulo Rocha is a Senior Mortgage Agent with Mortgage Scout Inc., with more than 35 years of experience helping people save smarter, keep more of what they earn, and grow their wealth. He started his career while studying Accounting and Economics at York University, and went on to work at some of Canada\u2019s largest banks \u2014 RBC, TD Canada Trust, Scotiabank, and CIBC \u2014 where he helped clients with mortgages, credit strategies, and personal financial planning. Before focusing on mortgages full-time, Paulo served as an Investment Advisor at Edward Jones, one of North America\u2019s largest investment firms. There, he worked closely with families to build practical plans for investing, retirement, and estate protection \u2014 always keeping real-world goals at the centre. A strong advocate for financial literacy, Paulo is especially passionate about helping the Luso-Canadian community take control of their financial future. He has been an active member of the community for years, serving as Vice-President of the Federation of Portuguese Canadian Business and Professionals (FPCBP) and now as a Director with ACAPO (Alliance of Portuguese Clubs and Associations of Ontario). Ganhos e Gastos reflects Paulo\u2019s belief that good financial advice should be simple, practical, and within reach \u2014 empowering everyday people to make smarter decisions and build a stronger financial future, one step at a time.\",\"sameAs\":[\"http:\\\/\\\/paulojrocha.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bank of Canada Rate Pause - What It Means For Home-Owners","description":"How the Bank of Canada's rate pause could affect mortgage rates and housing affordability. Read the latest update from Ganhos e Gastos.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/","og_locale":"en_US","og_type":"article","og_title":"Bank of Canada Rate Pause - What It Means For Home-Owners","og_description":"How the Bank of Canada's rate pause could affect mortgage rates and housing affordability. Read the latest update from Ganhos e Gastos.","og_url":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/","og_site_name":"Ganhos & Gastoss","article_publisher":"https:\/\/www.facebook.com\/ganhosegastos\/","article_published_time":"2025-04-19T12:06:38+00:00","article_modified_time":"2025-04-26T19:45:44+00:00","og_image":[{"width":1460,"height":840,"url":"https:\/\/mlprmyjjjr7y.i.optimole.com\/w:1460\/h:840\/q:mauto\/ig:avif\/https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/04\/GG-BOC-April-2025-Featured.png","type":"image\/png"}],"author":"Paulo Rocha","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Paulo Rocha","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#article","isPartOf":{"@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/"},"author":{"name":"Paulo Rocha","@id":"https:\/\/ganhosegastos.ca\/en\/#\/schema\/person\/43da34e9e5ffb983dd89036a16aafcd8"},"headline":"The Bank of Canada Paused Rates \u2014 Here\u2019s What That Could Mean for Mortgage Rates and Housing Affordability","datePublished":"2025-04-19T12:06:38+00:00","dateModified":"2025-04-26T19:45:44+00:00","mainEntityOfPage":{"@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/"},"wordCount":747,"commentCount":0,"publisher":{"@id":"https:\/\/ganhosegastos.ca\/en\/#organization"},"image":{"@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#primaryimage"},"thumbnailUrl":"https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/04\/GG-BOC-April-2025-Featured.png","articleSection":["Economy","Interest Rates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/","url":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/","name":"Bank of Canada Rate Pause - What It Means For Home-Owners","isPartOf":{"@id":"https:\/\/ganhosegastos.ca\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#primaryimage"},"image":{"@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#primaryimage"},"thumbnailUrl":"https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/04\/GG-BOC-April-2025-Featured.png","datePublished":"2025-04-19T12:06:38+00:00","dateModified":"2025-04-26T19:45:44+00:00","description":"How the Bank of Canada's rate pause could affect mortgage rates and housing affordability. Read the latest update from Ganhos e Gastos.","breadcrumb":{"@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#primaryimage","url":"https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/04\/GG-BOC-April-2025-Featured.png","contentUrl":"https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/04\/GG-BOC-April-2025-Featured.png","width":1460,"height":840,"caption":"Bank of Canada Governor at press conference with Canadian flag in background, discussing interest rates, mortgage rates, and housing affordability"},{"@type":"BreadcrumbList","@id":"https:\/\/ganhosegastos.ca\/en\/the-bank-of-canada-paused-rates-heres-what-that-could-mean-for-mortgage-rates-and-housing-affordability\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ganhosegastos.ca\/en\/"},{"@type":"ListItem","position":2,"name":"The Bank of Canada Paused Rates \u2014 Here\u2019s What That Could Mean for Mortgage Rates and Housing Affordability"}]},{"@type":"WebSite","@id":"https:\/\/ganhosegastos.ca\/en\/#website","url":"https:\/\/ganhosegastos.ca\/en\/","name":"Ganhos & Gastoss","description":"Simplificar o Complexo Mundo Financeiro","publisher":{"@id":"https:\/\/ganhosegastos.ca\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ganhosegastos.ca\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ganhosegastos.ca\/en\/#organization","name":"Ganhos & Gastoss","url":"https:\/\/ganhosegastos.ca\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ganhosegastos.ca\/en\/#\/schema\/logo\/image\/","url":"https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/01\/ganhos-e-gastos-round-transparent.png","contentUrl":"https:\/\/ganhosegastos.ca\/wp-content\/uploads\/2025\/01\/ganhos-e-gastos-round-transparent.png","width":750,"height":750,"caption":"Ganhos & Gastoss"},"image":{"@id":"https:\/\/ganhosegastos.ca\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ganhosegastos\/","https:\/\/linkedin.com\/in\/paulrocha"]},{"@type":"Person","@id":"https:\/\/ganhosegastos.ca\/en\/#\/schema\/person\/43da34e9e5ffb983dd89036a16aafcd8","name":"Paulo Rocha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/e2a1e395303d19d01d3f27e3e1fdddc3580c45a17925f0facc5e987de11cf2b2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e2a1e395303d19d01d3f27e3e1fdddc3580c45a17925f0facc5e987de11cf2b2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e2a1e395303d19d01d3f27e3e1fdddc3580c45a17925f0facc5e987de11cf2b2?s=96&d=mm&r=g","caption":"Paulo Rocha"},"description":"Paulo Rocha is a Senior Mortgage Agent with Mortgage Scout Inc., with more than 35 years of experience helping people save smarter, keep more of what they earn, and grow their wealth. He started his career while studying Accounting and Economics at York University, and went on to work at some of Canada\u2019s largest banks \u2014 RBC, TD Canada Trust, Scotiabank, and CIBC \u2014 where he helped clients with mortgages, credit strategies, and personal financial planning. Before focusing on mortgages full-time, Paulo served as an Investment Advisor at Edward Jones, one of North America\u2019s largest investment firms. There, he worked closely with families to build practical plans for investing, retirement, and estate protection \u2014 always keeping real-world goals at the centre. A strong advocate for financial literacy, Paulo is especially passionate about helping the Luso-Canadian community take control of their financial future. He has been an active member of the community for years, serving as Vice-President of the Federation of Portuguese Canadian Business and Professionals (FPCBP) and now as a Director with ACAPO (Alliance of Portuguese Clubs and Associations of Ontario). Ganhos e Gastos reflects Paulo\u2019s belief that good financial advice should be simple, practical, and within reach \u2014 empowering everyday people to make smarter decisions and build a stronger financial future, one step at a time.","sameAs":["http:\/\/paulojrocha.com"]}]}},"_links":{"self":[{"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/posts\/1282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/comments?post=1282"}],"version-history":[{"count":17,"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/posts\/1282\/revisions"}],"predecessor-version":[{"id":1347,"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/posts\/1282\/revisions\/1347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/media\/1310"}],"wp:attachment":[{"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/media?parent=1282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/categories?post=1282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ganhosegastos.ca\/en\/wp-json\/wp\/v2\/tags?post=1282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}